A tax-related service provided by CPA firms such as Focus Accounting & CPA Firm is called tax service. A tax is a mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures ocus Accounting & CPA Firm provides complete tax solutions to keep you briefed and well-prepared about tax planning. Tax rules keep changing and becoming more complex with each passing year. We know the importance of dedicated tax planning and will help you understand a tax code that is layered with obstacles. We have comprehensive expertise and years of experience in tax compliance for corporations, partnerships, non-profits, estates, trusts, and individuals. Our dedicated team can complete year-end tax projections and year-round tax planning at the local, state, federal and international level. Our goal is to help you understand your individual situation so that we can provide complete tax solutions for you or your business.
When you sell your stocks after holding them for less than a year at a profit, you will be taxed at the rate equal to your income tax rate but when you sell them after holding them for more than a year, you will be taxed at 15%. Still a lot when you have gotten a huge chunk of stocks from your company as a compensation right?read more
Cost Segregation is the practice of identifying assets and their costs, and classifying those assets for federal tax purposes. For both new and existing properties, the IRS requires that engineering-based cost segregation studies be performed in order to realize the maximum depreciation benefits. Here at Focus, we help you achieve all this and more.read more
FBAR refers to FinCEN Form 114 (Report of Foreign Bank and Financial Accounts). Along with the regular tax filing requirements that everyone else must fulfill, individuals who hold financial accounts in foreign countries must submit additional reports to federal agencies.read more